TTMS Reports Record Financial Results for 2024 with a 145% Net Profit Growth
Warsaw, Poland – Transition Technologies MS (TTMS) has announced record-breaking financial results for 2024, with net profit reaching PLN 34.5 million, a 145% increase from PLN 14.1 million in 2023. The company’s revenue also grew to PLN 233.7 million, up 7.7% year-over-year. One of the key drivers of this growth was the defense sector, where TTMS more than doubled its sales, delivering IT solutions for institutions such as the NATO Standardization Office.
“We have achieved another record year in financial performance. This success reflects the market’s growing awareness that advanced IT technologies are not only strategic tools for competitive advantage but also essential pillars of security in uncertain times. This is particularly evident in the defense sector, where in 2024, our expertise and licenses allowed us to double our order portfolio. The increasing demand for cybersecurity and artificial intelligence solutions presents significant opportunities, and we anticipate further expansion in this sector through collaborations with key international institutions such as NATO, ACT, and ESA” says Sebastian Sokołowski, CEO of TTMS.
Strategic Expansion Through Acquisitions
Alongside its organic growth, TTMS continues to pursue expansion through acquisitions. Following successful M&A transactions in Denmark and Switzerland, the company is actively seeking new acquisition opportunities in Western Europe, Scandinavia, and Australia.
“Our priority for this year is executing further acquisitions, in line with the strategic plans we outlined during our public offering at the end of 2024. We are in discussions with potential partners and expect to finalize new transactions this year. Expanding in Western Europe is a crucial part of our growth strategy, providing an opportunity for accelerated development and entry into new markets. We are also close to acquiring a company in Australia, which will play a key role in securing clients in that region and supporting our operations in India and Malaysia“ says Sokołowski.
Positive Outlook for 2025
The IT market outlook for 2025 remains optimistic, driven by the increasing adoption of cutting-edge technologies. As global demand for IT services grows, TTMS is well-positioned to strengthen its international presence and continue its upward trajectory.
About TTMS
Transition Technologies MS (TTMS) is a fast-growing Polish software house specializing in digital transformation for leading global enterprises in demanding industries. TTMS is part of the Transition Technologies Group, one of the largest IT companies in Poland.
The company operates under long-term managed services contracts, focusing on highly specialized sectors such as pharmaceuticals, manufacturing, and defense, where it holds licenses and certifications for security-sensitive projects.
TTMS leverages advanced technologies, including Adobe Experience Manager (AEM), cloud computing, Microsoft solutions, Salesforce, enterprise systems, data science, business intelligence, and artificial intelligence (AI). The company is a certified partner of Adobe, Salesforce, and Microsoft and employs highly skilled professionals with deep market expertise.
With a workforce of over 800 specialists across three continents, TTMS has subsidiaries in the UK, Malaysia, Denmark, Switzerland, and India and operates eight offices in Poland: Białystok, Koszalin, Kraków, Lublin, Łódź, Poznań, Warsaw, and Wrocław. The company’s strategic goal is to reinforce its global market position and drive continued growth through innovation and expansion.